Total Return Securities, Inc. (NYSE:SWZ - Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 10,500 shares, a decline of 27.6% from the May 15th total of 14,500 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 78,100 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On Total Return Securities
Institutional investors and hedge funds have recently modified their holdings of the stock. North Ground Capital purchased a new position in shares of Total Return Securities during the 1st quarter valued at about $44,000. PNC Financial Services Group Inc. lifted its holdings in Total Return Securities by 144.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund's stock valued at $47,000 after purchasing an additional 3,694 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Total Return Securities by 375.2% in the fourth quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock worth $102,000 after purchasing an additional 10,795 shares during the period. Logan Stone Capital LLC purchased a new stake in shares of Total Return Securities in the fourth quarter worth $238,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Total Return Securities in the fourth quarter worth $250,000. 41.12% of the stock is currently owned by institutional investors.
Total Return Securities Stock Performance
Shares of NYSE:SWZ traded up $0.05 during midday trading on Wednesday, hitting $6.32. 2,406 shares of the stock traded hands, compared to its average volume of 66,024. Total Return Securities has a one year low of $6.01 and a one year high of $9.43. The business's 50 day moving average is $6.53 and its two-hundred day moving average is $7.81.
Total Return Securities Cuts Dividend
The company also recently disclosed a -- dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 3rd were given a dividend of $3.00 per share. This represents a yield of 6.4%. The ex-dividend date of this dividend was Tuesday, April 15th.
Total Return Securities Company Profile
(
Get Free Report)
The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.
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